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CION's Gatto: Money rushing into BDCs creates middle-market opportunities
Manage episode 428526823 series 3561101
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Mark Gatto, Co-Founder and Co-Chief Executive Officer at CION Investment Group — which runs CION Investment Corp., a business-development company — discusses the heavy interest and cash-flow into BDCs and how that is changing the space and making it important for investors and advisers to "pull back the layers to understand what they are investing in," paying particular attention to the deals and credit quality a BDC gets involved in. Gatto says that the biggest players in BDCs are becoming "very homogeneous, a lot of them are doing the same thing and you will not see a lot of differentiation when you get very large," but that also creates opportunities for investors who want to diversify their BDC holdings by investing in middle-market deals, where smaller BDCs can be more nimble and offer different exposure.
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